Women to bear brunt of George Osborne’s cuts – my response to the House of Commons Library analysis

These new figures show how, once again, women will bear the brunt of David Cameron and George Osborne’s choices. This follows four years of Budgets which have taken six times more from women than men – even though women earn less than men.

Of course we need to make savings to get the deficit down. But the Tories have chosen to hit millions of working families on modest incomes again, while keeping their huge tax cut for millionaires.

Working people are already worse off under this government. If the Tories win next year 3 million working people face being made worse off because their tax credits will be cut again. This Strivers’ Tax will cost a one earner family with two children earning £25,000 almost £500 a year.

Labour will balance the books as soon as possible in the next Parliament, but we will do so in a fairer way. While the Tories target working people our tough but balanced approach will start by reversing the £3 billion a year Tory tax cut for the top one per cent of earners.

And our economic plan will make work pay by raising the minimum wage, introducing a lower 10p starting rate of tax and expanding free childcare for working parents of three and four year olds to 25 hours a week.

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Posted December 20th, 2014 by Ed

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